FY2020 EPS Estimates for State Bank Financial Corp (STBZ) Increased by Analyst

State Bank Financial Corp (NASDAQ:STBZ) – Research analysts at Gabelli raised their FY2020 EPS estimates for State Bank Financial in a note issued to investors on Friday. Gabelli analyst S. Comery now forecasts that the financial services provider will post earnings of $2.60 per share for the year, up from their prior forecast of $2.30. Gabelli currently has a “Buy” rating and a $35.00 target price on the stock. Gabelli also issued estimates for State Bank Financial’s FY2021 earnings at $2.70 EPS and FY2022 earnings at $2.95 EPS.

State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The firm had revenue of $68.16 million for the quarter, compared to the consensus estimate of $65.00 million. State Bank Financial had a return on equity of 9.29% and a net margin of 18.77%.

A number of other equities analysts also recently issued reports on STBZ. BidaskClub downgraded State Bank Financial from a “hold” rating to a “sell” rating in a research note on Friday. Stephens reiterated a “hold” rating and set a $32.00 target price on shares of State Bank Financial in a research report on Friday. Zacks Investment Research downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. SunTrust Banks reiterated a “buy” rating and set a $38.00 target price on shares of State Bank Financial in a research report on Tuesday, January 9th. Finally, ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $34.00.

State Bank Financial (NASDAQ STBZ) opened at $30.54 on Monday. The stock has a market capitalization of $1,190.82, a price-to-earnings ratio of 25.45, a PEG ratio of 1.24 and a beta of 0.95. State Bank Financial has a 52 week low of $24.16 and a 52 week high of $31.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners lifted its position in State Bank Financial by 5.2% during the third quarter. Boston Partners now owns 540,530 shares of the financial services provider’s stock valued at $15,486,000 after purchasing an additional 26,770 shares in the last quarter. Swiss National Bank lifted its position in State Bank Financial by 7.1% during the second quarter. Swiss National Bank now owns 61,500 shares of the financial services provider’s stock valued at $1,668,000 after purchasing an additional 4,100 shares in the last quarter. Northern Trust Corp lifted its position in State Bank Financial by 5.7% during the second quarter. Northern Trust Corp now owns 585,944 shares of the financial services provider’s stock valued at $15,890,000 after purchasing an additional 31,610 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in State Bank Financial during the third quarter valued at $1,682,000. Finally, Sterling Capital Management LLC purchased a new position in State Bank Financial during the third quarter valued at $1,008,000. Institutional investors own 79.93% of the company’s stock.

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About State Bank Financial

State Bank Financial Corporation is a bank holding company for State Bank and Trust Company (the Bank). The Bank is a Georgia-based state-chartered bank. The Company offers community banking services to individuals and businesses. Its product line includes loans to small and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, and consumer loans.

Earnings History and Estimates for State Bank Financial (NASDAQ:STBZ)

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